About an hour into the trading session, The Dow is up nearly 44 points, or 0.26%, to 16,598. The Nasdaq is higher by about 33 points, or 0.77%, to about 4,404. The S&P 500 has climbed 9 points, or 0.47%, to reach nearly 1,941.
On Friday, the major averages moved sharply higher, partly offsetting steep losses posted over the previous few sessions. The markets benefited from bargain hunting as well as easing concerns about the situation in
With the gains, the major averages all moved higher for the week. The S&P 500 gained 0.3%, while the Dow and the Nasdaq both rose by 0.4%.
Stocks have gotten a boost on Monday from dovish remarks by a top Federal Reserve official. US Federal Reserve Vice Chair
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There are no major economic reports set to be released today, kicking off a slow start to the week in terms of data. The pace of releases picks up later in the week, with some closely watched reports set to come out. Figures on retail sales, jobless claims and producer prices will receive attention later in the week.
Looking to overseas markets, Asian stocks are showing gains as well.
European stocks are higher as well.
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